Adani, Actis among firms on list for Polaris Metering as race intensifies

Mumbai: The sale process for Polaris Smart Metering has advanced further, with four-five infrastructure majors shortlisted for the next round of negotiations for the company owned by I Squared Capital, people aware of the development said.

Adani Energy Solutions, Apraava Energy and PE fund Actis are among the companies that have progressed to the second round of negotiations. They have commenced due diligence and the binding bids are expected by early August, the people said.